Consolidated Annual Report 2019

BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED | CONSOLIDATED ANNUAL REPORT 2019 96 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Notes to the Consolidated Financial Statements For the year ended March 31, 2019 (Expressed in Barbados dollars) 81 Details of Consolidated Statement of Income Barbados Public Workers Co-operative Credit Union Limited and Its Subsidiaries 2019 BPWCCUL BPWFHI CAPITA FSI Eliminations Total Interest on loans 3 $ 86,864,370 - 15,054,657 - 101,919,027 Interest on investment 3 2,518,761 - 663,869 (444,274) 2,738,356 Total Interest Income 89,383,131 - 15,718,526 (444,274) 104,657,383 Interest on deposits 3 26,140,047 - 7,397,798 (444,274) 33,093,571 Interest on loans payable 3 - - 397,688 - 397,688 Total Interest Expenses 26,140,047 - 7,795,486 (444,274) 33,491,259 Net Interest Income 63,243,084 - 7,923,040 - 71,166,124 Impairment loss on goodwill - - - 2,910,000 2,910,000 Impairment loss on subsidiary 1,307,400 - - (1,307,400) - Expected credit losses 3,770,600 - 380,848 - 4,151,448 $ 58,165,084 - 7,542,192 (1,602,600) 64,104,676